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First Bank, FBN Quest Merchant Bank Promote Financial Literacy In Schools

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In line with global practice and the mandate by the Central Bank of Nigeria (CBN) to all banks in the country to commemorate the World Savings Day, First Bank of Nigeria Limited and FBNQuest Merchant Bank, took financial literacy to schools across the country.

The financial institutions joining the rest of the world on October 31st to mark the 2018 World Savings Day themed “what do you wish for?”, went across the six geo-political zones of the country covered with visits to 30 secondary schools and more than 1,000 students imparted with knowledge of financial literacy nuggets.

The World Savings Day is in line with FirstBank’s FutureFirst programme, specially designed to equip students with the knowledge of money management, early entrepreneurship skills, and financial independence whilst stimulating in them savings culture at an early age.

Also, volunteers from FBNQuest Merchant Bank went further to cover and highlight how students can take advantage of investment opportunities in fixed deposits and Mutual Funds from a young age, cultivating the habit of putting money away to meet medium to long term financial goals.

Speaking on the World Savings Day, Group head, Marketing and Corporate Communications, First Bank of Nigeria Limited, Folake Ani-Mumuney, said “FirstBank’s participation in the 2018 World Savings Day is one of our many interventions in Financial Literacy.

“As the Bank continues to entrench the savings culture across all its markets, it has over several years engaged in Savings Promo to encourage and reward savings whilst committing human and financial resources to the development of financial literacy among secondary school students under the auspices of the FirstBank Futurefirst programme.”

Sharing similar views, managing director/CEO FBNQuest Merchant Bank, Kayode Akinkugbe, said “the CBN has created an essential platform which affords us the opportunity to enlighten the younger generation on finance-related matters, and contribute to financial literacy across the nation. It’s an initiative we are very proud to be a part of, as we believe such is crucial for the sustainable development of our nation.”

According to Akinkugbe, we believe that opportunities to transfer a wealth of knowledge, are crucial to the development of our economy and the sustainability of society. We therefore, take very seriously, the responsibility of equipping the next generation so they can take our nation to its next level of success.
Recently, First Bank organised its week long Corporate Responsibility and Sustainability event themed “Touching Lives; You First” which offered FirstBank employees the opportunity to give their time and resources to the service of humanity.

The week-long event was simultaneously carried-out across its business communities in Nigeria, United Kingdom, Democratic Republic of Congo, Ghana, Gambia, Guinea, Sierra-Leone and Senegal.

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